* Bitfarms (NASDAQ:BITF [https://seekingalpha.com/symbol/BITF]) has priced [https://seekingalpha.com/pr/20269938-bitfarms-announces-pricing-of-upsized-us-500-million-of-convertible-senior-notes] a $500M offering of 1.375% convertible senior notes due 2031, up from the originally announced $300M.
* An additional $88M in notes may be sold if initial purchasers exercise a 13-day over-allotment option in full.
* The convertible notes are senior unsecured, pay semi-annual interest, and mature on January 15, 2031.
* Initial conversion rate: 145.69 common shares per $1,000 principal, implying a conversion price of ~$6.86/share.
* Notes can be converted under specific conditions prior to Oct. 15, 2030, and freely after that until maturity.
* Proceeds will be used for general corporate purposes, and potentially to fund capped call transactions (to reduce share dilution upon conversion).
* Closing expected on or about October 21, 2025.
MORE ON BITFARMS LTD.
* Bitfarms: A Speculative AI Infrastructure Play For Risk-Seeking Investors [https://seekingalpha.com/article/4827724-bitfarms-speculative-ai-infrastructure-play-for-risk-seeking-investors]
* Bitfarms: Reset In Progress, Growth Still Deferred [https://seekingalpha.com/article/4822748-bitfarms-reset-in-progress-growth-still-deferred]
* Bitfarms Ltd. (BITF) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4812737-bitfarms-ltd-bitf-q2-2025-earnings-call-transcript]
* Crypto stocks witness rise in short interest in September [https://seekingalpha.com/news/4504450-crypto-stocks-witness-rise-in-short-interest-in-september]
* Bitfarms appoints new CFO to lead North American AI infrastructure pivot [https://seekingalpha.com/news/4503820-bitfarms-appoints-new-cfo-to-lead-north-american-ai-infrastructure-pivot]
Bitfarms upsizes convertible note offering to $500M, sets 2031 maturity
Published 3 weeks ago
Oct 17, 2025 at 4:39 AM
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